Pakora metaphor: Modi chose a poor example, but his message was serious

What matters is annual income of a family; income smoothening is the political counterpart

Much fun has been made of Narendra Modi’s pakora statement. There’s even talk of PMPRY – Pradhan Mantri Pakora Rojgar Yojna. But this is all silly nonsense.

It’s true that he chose a poor example but the point he was making was a serious one, that of the distinction between self-employment and working for someone else. For those of you who are so inclined it is the difference between Form 16 and Form 16A of the Income Tax.

So when economists try to gauge the success of the Modi government by looking at the number of jobs created — and